Allspring Global Investments Holdings LLC Has $279,000 Stake in Robert Half Inc. (NYSE:RHI)

Allspring Global Investments Holdings LLC lowered its position in Robert Half Inc. (NYSE:RHI) by 34.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,133 shares of the business services provider’s stock after selling 2,135 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Robert Half were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RHI. Mawer Investment Management Ltd. lifted its position in shares of Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after purchasing an additional 1,875,476 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Robert Half by 27,895.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after acquiring an additional 1,240,492 shares during the period. AQR Capital Management LLC lifted its position in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Robert Half by 900.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock valued at $66,155,000 after acquiring an additional 751,049 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after acquiring an additional 575,879 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Barclays lowered their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial lowered their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus price target of $67.71.

Robert Half Price Performance

NYSE RHI opened at $67.57 on Friday. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 24.66 and a beta of 1.23. The company has a fifty day moving average price of $65.63 and a 200-day moving average price of $65.47.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. On average, research analysts anticipate that Robert Half Inc. will post 2.46 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 3.14%. Robert Half’s payout ratio is currently 77.37%.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.